Weekly Market View through 26th March 2021

Weekly Market View through 26th March 2021

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UK Stock-Market

  • The UK stock-market rallied on Friday to close up for the week. Earlier in the week the focus was on a third wave of coronavirus infections in Europe with Angela Merkel recommending a lockdown extension of four-weeks in Germany saying “we are now in a very, very serious situation”.
  • UK data released on Tuesday showed that the rate of inflation fell unexpectedly to 0.4% in February, down from 0.7% in January. This is more than one percentage point below its 2.0% target.
  • Tensions regarding the ongoing quarrel between the EU and UK over vaccine supplies were eased a little mid-week when a joint statement was released saying both sides were looking for a “win-win” solution.
  • Our Breadth indicator stayed positive but our Momentum Indicator, although still positive, ticked down again.

UK Market 26th March 2021

US Stock-Market

  • The US stock-market was higher for the week despite concerns over interest rates and rising infection numbers in many states.
  • The 10-year U.S. Treasury yield fell back early in the week after Fed Chair Jerome Powell told the House Financial Services Committee on Tuesday that “the recovery has progressed more quickly than generally expected and looks to be strengthening”. However, the yield rose again on Friday after Thursday’s weekly jobless claims fell to the lowest level in more than a year.
  • Following the announcement, the 10-year Treasury yield reached 1.67%, a 14-month high, and stocks fell to the end of the week. At the start of this week the yield remains close to that level. Fed Chairman, Jerome Powell, is due to speak on Tuesday.
  • President Joe Biden helped lift sentiment with a revised aim to vaccinate 200 million Americans within the first 100 days of being in office. Our Breadth indicator stayed positive but our Momentum Indicator ticked down again.

US Market 26th March 2021

The Big Picture 26th March 2021

Market Sentiment 26th March 2021

U.S. Risk Barometer 26th March 2021

Europe Risk Barometer 26th March 2021

Disclaimer: ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy.
This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.

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